{"id":16129,"date":"2021-11-05T09:00:00","date_gmt":"2021-11-05T09:00:00","guid":{"rendered":"https:\/\/crigroup.com\/?post_type=tribe_events&p=16129"},"modified":"2022-08-23T03:40:50","modified_gmt":"2022-08-23T03:40:50","slug":"third-party-due-diligence","status":"publish","type":"tribe_events","link":"https:\/\/crigroup.com\/ar\/event\/third-party-due-diligence\/","title":{"rendered":"Webinar | Third-party due diligence and oversight"},"content":{"rendered":"

Know-how to defend your company from disastrous litigation with Third-Party Risk Management and Due Diligence<\/strong><\/h2>\n

Free Webinar | 9 December 2021 | 10.30 am \u2013 12.30 pm Malaysia Time | In conjunction with International Anti-Corruption Day<\/strong><\/h3>\n

CRI\u00ae Group is proud to announce our sister brand, Anti-Bribery Anti-Corruption (ABAC\u00ae) Center of Excellence<\/a> Group will be hosting a free webinar with Malaysian International Chamber of Commerce & Industry (MICCI)<\/a> on 9 December 2021. Our intention is to be able to provide resources on corporate compliance to organisations around the globe that will aid them in expansion and an ethical working environment. Take advantage of this free webinar on due diligence and third-party risk managements. Know how to defend your organisation from disastrous litigation with third-party risk management and due diligence.<\/p>\n

In recent years, third-party risk management has become a primary concern for organisations, amid increased outsourcing against a backdrop of rising costs, digitisation and low-interest rates, which have put downward pressure on margins. While there are many benefits driving outsourcing, e.g., increased efficiency and scale, it naturally also increases the level of risk and complexity of third-party relationships. Coupled with increased lengths of agreements, on average five to seven years, the need for ongoing performance management becomes that much greater.<\/span><\/p>\n\n\n

<\/i>SAVE YOUR SEAT NOW<\/strong><\/span><\/a><\/span><\/div>\n\n\n\n
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Financial and reputational risks have increased with more outsourcing, and regulators have focused on how companies manage their relationships with third parties, in some cases leading to tighter regulation. The first to increase regulatory scrutiny in this area was the US, with a regulatory paper on third-party risk management as far back as 2002. UK initiatives include the FCA review of outsourcing. In Europe, Solvency II regulates how firms maintain access to and control over outsourced activities. Further requirements have emerged in areas like GDPR in IT outsourcing. Fines imposed in the UK and US show that public and private firms will be held accountable for outsourced activities. Organisations fined for breaches, including insufficient oversight of third parties. In light of increased scrutiny, many organisations are reviewing their third-party risk management frameworks.<\/p>\n

ABAC\u00ae sister brand of CRI Group joined forces with MICCI to discuss the third-party due diligence frameworks in-depth and explore its best practices \u2013 to help provide insights and ideas for your organisations\u2019 compliance programme. Join us and save your seat now!<\/p>\n\n\n

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DISCUSSION POINTS<\/span><\/i><\/i><\/span><\/span><\/div>
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Our speakers will be looking at the following points:<\/p><\/div><\/div>\n\n\n\n

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